Bitcoin treasury firm Metaplanet raises $515 million through new stock issuance

Metaplanet has raised $515 million by issuing and selling new shares, kicking off its bold "555 Million Plan" to acquire 1% of bitcoin's total 21 million supply.

EVO Fund led the first tranche by exercising 540,000 stock-acquisition rights, converting them into 54 million new shares.

The Japanese firm currently holds 11,111 BTC. It aims to accumulate 30,000 BTC by the end of 2025 and 210,000 BTC by the end of 2027, joining Michael Saylor's Strategy in the elite 1% BTC club.